DSME union starts vote on strike over HHI takeover

Home > Business > Industry

print dictionary print

DSME union starts vote on strike over HHI takeover

Unionized workers at Daewoo Shipbuilding & Marine Engineering began voting on whether to go on strike in opposition to Hyundai Heavy Industries’ proposed takeover.

The votes by the union will be critical in a mega-deal between HHI and the state-run Korea Development Bank (KDB).

Early this month, HHI, the world’s largest shipyard by sales, and KDB said they would sign a formal deal on DSME early next month.

KDB is DSME’s main creditor, with a 55.7-percent stake in the company.


Yonhap

More in Industry

Volvo XC60 ranks No. 1 for residual value in Encar study

Binggrae to scoop up ice cream competitor after FTC approves merger

LG accepting orders for rollable, $85K television

Shinsegae Group chair passes down shares to children

This Chuseok, the gift sets are meaty, boozy and pricey

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now